Reported about 2 months ago
Elderly couples wondering if their $100K IRA can be protected from nursing home expenses should consider Medicaid eligibility requirements, which have strict asset limits that may disqualify them. Options like Medicaid-compliant annuities, home equity, and specialized trusts can help, but they often come with restrictions that can limit access to funds and affect care quality. It's essential to weigh the need for asset protection against the potential impact on healthcare options and quality of life.
Source: YAHOO